India: Non-Alloy Steel U-Section Market 2025

Non-Alloy Steel U-Section Market Size in India

In 2022, the Indian non-alloy steel u-section market increased by 0.2% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a slight decline. Non-alloy steel u-section consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Alloy Steel U-Section Production in India

In value terms, non-alloy steel u-section production shrank slightly to $X in 2022 estimated in export price. In general, production showed a slight curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Alloy Steel U-Section Exports

Exports from India

Non-alloy steel u-section exports from India shrank dramatically to X tons in 2022, which is down by -48.1% against the previous year's figure. In general, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 105% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-alloy steel u-section exports reduced dramatically to $X in 2022. Overall, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 57%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Nepal (X tons) was the main destination for non-alloy steel u-section exports from India, accounting for a 71% share of total exports. Moreover, non-alloy steel u-section exports to Nepal exceeded the volume sent to the second major destination, Sri Lanka (X tons), ninefold. Bhutan (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume to Nepal stood at +49.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (-11.3% per year) and Bhutan (+78.6% per year).

In value terms, Nepal ($X) remains the key foreign market for u-sections of non-alloy steel exports from India, comprising 66% of total exports. The second position in the ranking was held by Sri Lanka ($X), with an 8.8% share of total exports. It was followed by Bhutan, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to Nepal stood at +47.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (-10.3% per year) and Bhutan (+89.0% per year).

Export Prices by Country

The average non-alloy steel u-section export price stood at $X per ton in 2022, surging by 15% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 29%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Zambia ($X per ton) and Bangladesh ($X per ton), while the average price for exports to Nepal ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports into India

In 2022, overseas purchases of u-sections of non-alloy steel decreased by -12.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded prominent growth. The growth pace was the most rapid in 2014 when imports increased by 192% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, non-alloy steel u-section imports surged to $X in 2022. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 189%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest non-alloy steel u-section supplier to India, with a 59% share of total imports. Moreover, non-alloy steel u-section imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+26.9% per year) and Belgium (+34.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of u-sections of non-alloy steel to India, comprising 48% of total imports. The second position in the ranking was held by Turkey ($X), with a 16% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+27.8% per year) and Italy (+70.3% per year).

Import Prices by Country

In 2022, the average non-alloy steel u-section import price amounted to $X per ton, growing by 40% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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